Rhode Island

Rhode Island

Rhode Island Legislation Would Remove Sunset Date from State HTC

A bill in the Rhode Island General Assembly (H.B. 5458) would eliminate the sunset provision for the State Historic Tax Credit (HTC). The credit is currently set to expire when the maximum aggregate credits are exhausted or June 30, 2021, whichever comes first. The measure has been referred to the House Finance Committee, which has […]

Massachusetts

Dakota Partners Closes Three Deals

Dakota Partners recently closed on three projects: Brookside Terrace in East Greenwich, RI; Stockbridge Landing in Scituate, MA; and Depot Village in Hanson, MA.

QAP Rhode Island

RIHousing Launches New Program to Assist Rhode Island Renters

RIHousing is utilizing $500,000 in funding from the HOME Investment Partnerships Program (HOME) to establish the COVID-19 Emergency Tenant Based Rental Assistance Program.

Rhode Island

Wingate Companies Proposal Wins Unanimous Support from Rhode Island Housing

Wingate Companies has been working with co-developer Omni Development Corporation and architect the DBVW to craft a reimagined design vision for the existing Barbara Jordan II Apartments in South Providence.

QAP Texas

Eleven States Offer COVID-19 Emergency Rental Assistance

A new analysis from the National Council of State Housing Agencies documents the critical components of state housing finance agency emergency rental assistance programs established in response to the COVID-19 pandemic. So far, 11 states (Arizona, Delaware, Florida, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island and Texas) have created emergency rental […]

QAP Rhode Island

Rhode Island Issues Inaugural Sustainability Bonds to Support Affordable Housing

RIHousing announced the issuance of $73.6 million of new bonds, the first ‘Sustainability Bonds’ to be offered by the agency. The sale of the bonds will fund the acquisition and rehabilitation of 752 rental homes for low- and moderate-income Rhode Islanders. 

QAP Rhode Island

Rhode Island Seeks Proposals to Revitalize South Providence’s Barbara Jordan II Apartments

Barbara Jordan II is a housing development in Upper South Providence which includes 26 two- and three-story apartment buildings situated on scattered sites totaling 2.75 acres. The 26 buildings contain a total of 74 apartments, all of which are currently vacant.

Rhode Island

Property Advisory Group Celebrates Grand Opening With US Senator Jack Reed; Project Financed Using U.S. Treasury-HUD Federal Financing Bank HFA Multifamily Risk Sharing Loan Financing Initiative

U.S. Senator Jack Reed and Mayor Scott Avedisian joined Barbara Fields, Executive Director of RIHousing and representatives from Property Advisory Group & Cathedral Development Group to celebrate the completion of renovations at Greenwood Terrace, a housing development for low-income seniors on Post Road. The event came as Rhode Island faces a serious housing shortage, particularly […]

QAP Rhode Island

Rhode Island Issues HOME RFP and Q&A Document

Rhode Island has released an RFP for the HOME Investment Partnership Program and anticipates being able to award $3M.

Rhode Island

Maria Barry Appointed to Rhode Island Housing’s Board of Commissioners

Bank of America Merrill Lynch’s Community Banking National Executive Maria Barry joined the Rhode Island Housing Board of Commissioners after unanimous approval by Rhode Island State Senate.

QAP Rhode Island

Rhode Island Governor Proposes $40 Million Housing Opportunities Bond

Rhode Island Governor Gina Raimondo introduced her FY 2017 budget and proposed a $40 million bond to build homes, create construction jobs, and attract private investment.

QAP Rhode Island

Rhode Island Finances First Mortage Under HUD Risk Sharing Program

Rhode Island Housing has financed a development through the FFB Risk Sharing program. Risk Share provides credit enhancement for mortgages of multifamily housing projects whose loans are underwritten, processed, and serviced by HFAs.

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